Category: E

Guessing based on past experience, but with limited existing knowledge. Typically for arriving at a number or price for quoting in a sale.

Advertising and selling to a specific nationality or ethnic group, in that group’s language.

Offshore issue. Excludes the country and currency of the issuer. Short term of 6 months or less, unsecured promissory note.

Slow transformation of a vibrant water area to a marsh or bog. Death by shallowing and algae is the end-point if not reversed.. Root cause is the dumping or concentrating of pollutant

Value of records given as or in support of evidence, based on the certainty of the records origins. The value here is not in the record content. This certainty is essential for

When the company or its management constrains an auditor, inhibiting audit duty performance on that company.

A condition where buyers want more quantity at a specific price than sellers will supply. This causes a shortage. Typically the price is below the equilibrium price where sellers sell at the

A DERIVATIVE contract, traded through an authorized EXCHANGE and cleared through a CLEARINGHOUSE, that is characterized by standard terms and conditions, and is subject to standard MARGIN requirements and clearing rules. Trading

Certified allowance of a person or entity to conduct specified activities in a specified area or industry for a specified amount time, involving specified goods and/or services. Certified allowance of another person

1. Completed signing by all parties of a contract. 2. Completed all listed contractual actions.

Brief, comprehensive summarized business plan or proposal, often for an investment or commitment. Key points, as bullets, are extracted from an external audience presentation.

LIQUIDITY and LIQUIDITY RISK that relate to an entire industry or national system, and are not confined to, or significantly influenced by, a single firm and its actions. See also ASSET LIQUIDITY

Mathematical formula calculating potential future interest rates. If the following equation is true: (1 + RLt) squared = (1 + RSt) ( 1 + RS*t+1), given RS is the 1-year interest rate,

Settling an obligation, using an invoice type of document as evidence, by paying cash or by cash-equivalent for goods or services, or a charge against available funds. Refer to revenue expenditure, capital

Comprise a company’s profit and loss statement. Both categories required entries by law. Must be reported on a regular, periodic basis.

Ending term life insurance policy when the coverage period is over.

An agenc that gives insurance against losses for nonpayment. It promotes foreign trade. They may also offer marine insurance, post shipment discounts, pre shipment advances, and locating new markets.

The amount covered by the current insurance under normal circumstances. It is bought to help cover what is left and covers all possibe loss.

Pricing using a standard price for a locatin that lets customers take on charges by raising the price.

Buying goods from third parties at the lowest cost for operations. It considers the skills, capability, and financing.